Nvidia will report its Q4 earnings after the bell on Wednesday.
GlobalFoundries (GFS) shares are on the move after the chip designer received a $1.5 billion grant from President Biden's CHIPS Act. This company is the biggest known state-side foundry for semiconductor production. Yahoo Finance's Madison Mills reports live from the New York Stock Exchange to take a closer look at the stock and the future impacts of CHIPS Act funding on other chip producers, such as Intel (INTC). For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim
Nvidia shed $78 billion in market cap on Tuesday, its largest one-day decline in valuation on record, according to Dow Jones Market Data.